Qualys (NASDAQ:QLYS) Posts Earnings Results, Beats Estimates By $0.09 EPS

Qualys (NASDAQ:QLYS – Get Rating) issued its quarterly earnings data on Wednesday. The software maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09, MarketWatch Earnings reports. Qualys had a return on equity of 23.13% and a net margin of 22.47%. The business had revenue of $113.40 million for the quarter, compared to the consensus estimate of $112.98 million. During the same period last year, the business earned ($0.01) EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. Qualys updated its Q2 guidance to $0.78 to $0.80 EPS and its FY22 guidance to $3.13 to $3.17 EPS.

NASDAQ QLYS traded down $11.52 on Friday, reaching $119.32. The company had a trading volume of 634,362 shares, compared to its average volume of 273,956. The stock’s 50 day moving average is $136.45 and its 200-day moving average is $131.55. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 49.31 and a beta of 0.76. Qualys has a 52 week low of $95.00 and a 52 week high of $150.10.

In other Qualys news, CEO Sumedh S. Thakar sold 1,500 shares of the business’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $150.00, for a total value of $225,000.00. Following the completion of the transaction, the chief executive officer now directly owns 180,978 shares of the company’s stock, valued at $27,146,700. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 9,500 shares of the business’s stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $134.18, for a total value of $1,274,710.00. The disclosure for this sale can be found here. Insiders sold 39,693 shares of company stock valued at $5,373,624 in the last quarter. 15.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of QLYS. BlackRock Inc. boosted its position in shares of Qualys by 1.1% during the fourth quarter. BlackRock Inc. now owns 3,988,849 shares of the software maker’s stock worth $547,350,000 after buying an additional 43,898 shares during the period. Parametric Portfolio Associates LLC boosted its position in Qualys by 45.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 89,543 shares of the software maker’s stock valued at $12,287,000 after purchasing an additional 27,901 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Qualys by 11.3% during the fourth quarter. Allianz Asset Management GmbH now owns 206,737 shares of the software maker’s stock valued at $28,369,000 after purchasing an additional 20,944 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Qualys by 5.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 219,995 shares of the software maker’s stock valued at $30,188,000 after purchasing an additional 10,753 shares during the last quarter. Finally, Barclays PLC boosted its position in Qualys by 26.9% during the fourth quarter. Barclays PLC now owns 48,591 shares of the software maker’s stock valued at $6,668,000 after purchasing an additional 10,294 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

QLYS has been the topic of a number of recent analyst reports. Wedbush raised their price objective on Qualys from $146.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, April 14th. Zacks Investment Research raised Qualys from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. StockNews.com began coverage on Qualys in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Wolfe Research started coverage on Qualys in a report on Monday, April 11th. They set an “outperform” rating and a $162.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $130.33.

Qualys Company Profile (Get Rating)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

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